Fossil Energy
DOF grabs North Sea contract for PSV
Norwegian offshore vessel owner DOF Group has been awarded a new contract for one of its platform supply vessels (PSVs) in the UK sector of the North Sea.
Worley bags two-year deal with CNOOC
CNOOC Europe has awarded Worley a two-year contract to provide engineering, procurement and construction services to its three operated North Sea assets.
Safeen, Allianz Marine create new logistics provider
Abu Dhabi Ports’ maritime arm Safeen has recently signed an agreement with Allianz Marine & Logistics Services (AMLS) to launch a new international provider of integrated maritime logistic services.
Keppel and Borr agree on another rig delivery delay
Offshore rig builder Keppel and rig owner Borr Drilling have agreed a further delay for the delivery of five jack-up rigs that Keppel is building for Borr.
Lundin to increase output, accelerate decarbonisation strategy
Swedish oil company Lundin Energy has announced it would be increasing its output in 2021 as well as accelerating its decarbonisation strategy.
Keppel to exit offshore rig building to position for energy transition
Keppel Corporation has revealed that its struggling Keppel Offshore & Marine unit will exit the offshore rig building business.
Vaalco hedges part of production to support drilling program
Vaalco Energy is hedging a portion of its production to protect cash flows, which will be used for its fresh drilling program this year and the next.
Biden halts federal oil and gas leasing indefinitely. Focus to shift on renewables
U.S. President Joe Biden has signed an executive order to halt new oil and gas leasing but which the Department of the Interior (DOI) claims will “help restore balance on public lands and waters”.
Petrofac wins five-year deal in North Sea with INEOS
Oilfield services provider Petrofac has secured an enhanced, five-year contract in the UK sector of the North Sea with INEOS FPS.
Lenders take over Polarcus assets
Following loan default, Polarcus’ lenders have taken control of its vessels and shipholding unit. On Tuesday this week, Marine seismic player said it had defaulted on debt payments and that it will halt all interest and installment payments to finance providers. That same day, the company’s shares f
Neptune kicks off North Sea drilling campaign
Oil and gas company Neptune Energy and its joint venture partners BP and JAPEX, have started drilling on the Seagull project in the UK Central North Sea.
Marathon Oil sets new greenhouse gas emissions target
Houston-based oil and gas company Marathon Oil has been able to reduce its greenhouse gas (GHG) emissions intensity in 2020 when compared to the previous year.
Hess shrinks loss despite lower output
U.S. oil and gas company Hess Corporation managed to reduce its loss in the last quarter of 2020 compared to the prior-year period despite lower production.
Subsea 7 and Aibel score Northern Lights contracts
Subsea 7 and Aibel have secured contracts from Equinor for the Northern Lights project. Subsea 7’s scope includes engineering, fabrication and installation of a 100 kilometres CO2 pipeline that will run from Øygarden to the CO2 storage complex, as well as installation of umbilicals, tie-in and pre-c